Many suits--and some of the biggest verdicts--stem from conflicts of interest, which are becoming more difficult to avoid as law firms combine into international behemoths.
Consolidating everything, the only interest cost associated with the outstanding ELA debts stemfrom the fact that the Central Bank incurred a large Intra-Eurosystem liability via the TARGET2 system when the IBRC depositors and bond investors were paid off and moved their money abroad.
